China’s central bank, ministries pledge green finance support for dense economic zone

Quick Summary:

Guidelines have been issued for green finance in China’s economic nerve centre as the country continues its journey to decarbonisation.

Companies in the zone that meet certain requirements – as yet unspecified – will receive support from the central authorities to use multilevel capital markets to raise funds.

Tuesday’s guidelines came two weeks after the State Council, China’s cabinet, unveiled a plan to make the country’s economy more environmentally friendly, covering major sectors like agriculture, transport and energy.

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Article Details

Author / Journalist: Mandy Zuo

Category: Business

Markets: Hong KongChina

Topics: Zone Support Central Economic Area Financial Green Instruments Guidelines China’s Plan

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-27 @ 20:45:09 (4 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 468 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22281810

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